hi all,
now that my target of $38.50-39 ( post 30/12/2008 ) was hit on the 7/1/2009 i am looking for a bottom to this short term down trend. as the 38.2% fib $35.70 has been hit and my macd has crossed this short down trend may trend down to the 61.8 fib $33.20, my weak stochastic oscillator has bottomed so a run up to the 23.6% fib $36.9 before trending off to $33.20 is not out of the question.
i will be looking to buy back the $34 jan calls if the share price hits the 61.8 fib of $33.20.
have a good one.
582
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